Bombay HC Stays FIR against former SEBI chairperson Madhabi Puri Buch and others in stock market fraud case
The Bombay High Court stayed the order to register an FIR against former SEBI Chairperson Madhabi Puri Buch and others, citing lack of detail and evidence in the special court's ruling. The complainant has been given four weeks to file a response.
Bombay HC stays special court order directing FIR against Buch, five others
Desai contended that the special court failed to examine the petitioner or conduct a proper inquiry into what he described as a “malafide” matter. Desai also noted that while Sebi, in response to an RTI filed by the petitioner,
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